DOE Grid Reliability Report Calls for Urgent Energy Market Reforms
August 23 2017 - 11:00PM
Business Wire
Exelon urges action on recommendations that
will help ensure baseload nuclear plants remain part of the
nation’s energy mix
Exelon Corporation (NYSE: EXC) today issued the following
statement with regard to the U.S. Department of Energy’s report on
electricity markets and grid reliability:
“Exelon is pleased that the Department of Energy has called for
urgently needed energy market reforms as its first priority for the
new FERC to address quickly. These reforms will help preserve clean
energy sources and ensure critical American assets remain part of
the mix, including baseload nuclear plants that provide more than
60 percent of our nation’s emissions-free energy. We applaud the
Department of Energy for their work, and urge FERC and the RTOs to
swiftly enact common-sense reforms that will help safeguard the
reliability, resilience, diversity and affordability of our supply
of electricity.”
About Exelon
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
35,500 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
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version on businesswire.com: http://www.businesswire.com/news/home/20170823006125/en/
Exelon Corporate CommunicationsPaul Adams,
410-470-4167paul.adams@constellation.com
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